Primoris Services Corp reports results for the quarter ended June 30 - Earnings Summary

Primoris Services

04/08/2025 22:50

Primoris Services Corp PRIM.N reported quarterly adjusted earnings of $1.68​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.04.  The mean expectation of nine analysts for the quarter was for earnings of $1.08 per share. Wall Street expected results to range from 96 cents to $1.12 per share.

Revenue rose 20.9% to $1.89 billion from a year ago; analysts expected $1.69 billion.

Primoris Services Corp's reported EPS for the quarter was $1.54​.

The company reported quarterly net income of $84.32 million.

Primoris Services Corp shares had risen by 16.9% this quarter and gained 19.3% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 4.8% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction & engineering peer group is also "buy"

Wall Street's median 12-month price target for Primoris Services Corp is $99.00, about 6% above its last closing price of $93.09

This summary was machine generated from LSEG data August 4 at 09:49 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
1.08
1.68
Beat
Mar. 31 2025
0.66
0.98
Beat
Dec. 31 2024
0.75
1.13
Beat
Sep. 30 2024
1.02
1.22
Beat